Hi Xerxes_phGood one lol. Just thought I would run todays action...

Hi Xerxes_ph

Good one lol. Just thought I would run todays action through my TA software and there are lots of buy signals starting from a week or so ago.

I particularly wanted to check what the Stochastic Oscillator tells me but unfortunately no joy there yet. Its the missing link lol.

I then also decided to check an stochastic indicator that combines weekly with daily stochastics for signals. Doing this removes the whipsaw results that can happen by just using a daily stochastic. The combined daily and weekly stochastic also takes account above average volume and the average directional movement as secondary confirmation signals.

Well lo and behold I hit pay-dirt. I got a buy signal after the close today for this indicator. This naturally doesnt guarantee the direction of the stock, but it is showing a strengthening based on recent activity. For me it creates cautious optimism but I would like to see continued better volume before I can expect a better chance of a break to a longer term uptrend.

Just my personal opinions and observations and may prove incorrect.

cheers